WisdomTree has just announced the launch of a new fixed income ETF looking to provide exposure to U.S. dollar-denominated bond market. The WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY) plans to track the Bloomberg US Universal Enhanced Yield Index which follows taxable bonds that are investment grade or high-yield. The methodology of the index involves a rules-based approach dividing constituents by sector, country, maturity, and credit quality.
ETF Newz Says:
The new fund from WisdomTree seeks to control risks associated with owning these bonds individually.
